West Midlands Pension Fund. Pensions Administration Strategy 2013
|
|
- Hope Dixon
- 5 years ago
- Views:
Transcription
1 West Midlands Pension Fund Pensions Administration Strategy 2013 April 2013
2 Pensions Administration Strategy 2013 This document sets out the framework of the Pensions Administration Strategy of West Midlands Pension Fund (the Fund) by outlining the policies and performance standards to be achieved when providing a cost-effective inclusive and high quality pensions administration service. The delivery of this service is a joint partnership arrangement between a number of different stakeholders, eg, the Fund and all employers and IT Services to meet the diverse requirements of the membership. 1. Introduction The Local Government Pension Scheme (LGPS) Administration Regulations 2008 enables an administering authority to introduce an administration strategy for the purpose of improving administration performance within the LGPS fund (LGPS (Administration 2008 Regulation 65)). The strategy recognises the current and future administrative challenges faced by the Fund and all its employers. It contains proposals to implement new methods of communication with all our stakeholders and establish agreed levels of performance for all relevant stakeholders. 2. Compliance This strategy is being developed in consultation with the seven major employers, and some amendments are currently incorporated in the additional documents which support the main strategy. The content of the strategy will be reviewed annually by the Fund and changes agreed between employers. The document does not replace any dialogue between the Fund and employers as part of day-to-day business as usual operational requirements. 3. Review The Fund will review the strategy and make revisions as appropriate following a material change in policies which affect the content of the document. All employers will be consulted and informed of the changes. 4. Regulatory Framework Regulation 65(1) of the LGPS (Administration) Regulations (formerly Regulation 76C of the Local Government Pension Scheme Regulations 1997) enables an LGPS administering authority to prepare a document, namely the Pensions Administration Strategy which details the following: a) Administration standards b) Performance measures c) Data and workload charts, annual report on performance d) Employer liaison and communication procedures In addition, Regulation 43 of the (Administration) Regulations 2008 allows an administering authority to recover additional costs from an employing authority where they are directly relating to: Level of performance of the employing authority Extra costs incurred by the administering authority due to no data, poor quality data or the timeliness or data submitted by the employing authority. 5. Employer Relationship The delivery of a high quality and cost-effective pension administration service is dependent upon the joint working relationship between the Fund and individuals within employing authorities, to ensure that all Scheme members and stakeholders receive the appropriate level of service and ensure that statutory requirements are met. This partnership arrangement should encompass the following key activities: a) Ensure an excellent working relationship between the Fund and appropriate staff within an employer, eg. HR, pensions teams, payroll teams and finance teams are established and maintained. b) Ensure that standards and levels of service are maintained. 2
3 c) Ensure the timely submissions of data to the Fund by the employers, and jointly with the Fund, provide assurance with regard to data quality. d) Ensure that details of all nominated employer signatories are correct, and notify the Fund of any changes immediately. e) Assist and liaise with the Fund on promotional events and Scheme (Fund) literature to increase knowledge about the overall benefits of LGPS to all members. f) Inform the Fund of any alternative service arrangements which ensure equitable member access to the pension service. Each employer is required to produce, publish and update a statement of policy regarding discretionary functions as part of the LGPS regulations. All employers must send the policy statement to the Fund including any regular revisions. Any decisions undertaken by the employing authority which affect an employee s rights to membership or entitlement to benefits must be notified to the employee in writing. This will also include the implementation of auto-enrolment requirements. All employing authorities are aware of the internal dispute resolution procedures (IDRP) and the requirements to nominate an officer who will liaise with the Fund during the stages of the procedure. 6. Communication The Fund now has a dedicated secure web portal for all employers which is accessed by officers in the employing uuthorities via a unique username and password. The website is the main communication tool between employing authorities of the Fund. The web portal will contain information on the procedures for administering LGPS within the West Midlands and appropriate pension documentation as a means to submit data security. In the future, it will also contain information on training activities and Fund events provided to employing authorities. Important information is also sent to the Fund to specific employing authority staff, but regular access to the website is advised. An AGM will be held each year which will provide an opportunity to have regular face-to-face contact with major employers to ensure that issues are resolved and priorities shared. 7. Financial Obligations It is a requirement of the Pensions Act that all contributions are received by the Fund by the 19th of the month following their deduction from an employers payroll. The correct employee contributions rate is determined at the 1 April each year by the employing authority in line with the appropriate contributions band. Changes to levels of employee contribution rates must be updated in the employing authorities discretionary policy statement. Each employing authority must pay all AVC employee deductions to the appropriate provider (Prudential) according to the agreement and no later than the 19th of the month following the deduction. The Fund will provide a schedule of any recharge items in accordance with Regulation 44(1) to each employing authority and interest for late payment as detailed in Regulation 44(4) of the LGPS (Administration) Regulations The Fund has to be revalued every three years by the Fund actuary to determine the employers contributions rates. Interim valuations also occur within the triennial cycle which are used to monitor the trend in ill-health and early retirements 8. Administration Standards The service standards which the Fund will deliver to all Scheme members will be in consultation with employing authorities, as it will be the key driver of the partnership arrangement. The service standards are set out in Appendix 2. The standards of data quality and the timeliness of these standards must take account of overriding legislation which assists both the Fund and employing authorities in administering the LGPS. Currently, data quality is a major facet of delivering the pension service to members and stakeholders and as such both the Fund and employers must ensure that all activities, functions and tasks are undertaken to agreed quality standards: a) Compliance with all legislative, regulatory and procedural requirements. b) All employer information provided to the Fund must be authorised by the agreed signatory. c) Information must be completed on the approval forms or in an agreed electronic format. 3
4 d) Information to be accurate and checked by the appropriate member of staff from the employing authority. The Fund does provide a secure facility for the transfer of person identifiable data from employers. All employers should provide the Fund with year-end information to 31 March each year in an improved format by the 30 April in the valuation year and by 31 May in the other two years. It remains the responsibility of the employing authority to ensure a complete and accurate data submission to the Fund within the timescales, even if the payrolls are contracted out to a third party or bureau. The appropriate information must be accompanied by a final statement certifying that the amounts reflect the contributions deducted from employees during the year. 9. Fund Performance Since June 2012, the Fund has established a set of key performance indicators (KPIs) which drive the delivery of the Pension Service. Key Performance Target/In Indicator Working Days Joiner triage 2 Joiners 8 Rejoiner 8 TV in quote 10 TV in actual 10 TV out quote 10 TV out quote actual 10 Retirement quote 10 Retirement actual 5 Death in service and death in deferment 10 Alongside the above measures, the Fund also monitors customer telephone calls (Scheme members) and data quality from the employing authorities. All information is reported to Pensions Committee quarterly and is included in the Annual Report and Accounts. The Fund is subject to an annual audit of its processes, procedures and internal controls. Employers are expected to comply with any requests for information from the Fund s internal and external auditors by ensuring recommendations will be considered and, where appropriate, implemented with employing authority co-operation. The Fund strives to continually reduce its unit costs and, as such, we regularly monitor costs and service performance by benchmarking with other administering authorities as comparators. All details relating to the above will be published in the Annual Report and Accounts. An updated customer service strategy is currently being produced which will establish a programme of customer satisfaction surveys aimed at Fund members. The results will be published on the Fund s website. 10. Employer Performance In consultation with employer authorities and as part of the Pensions Administration Strategy, the Fund will develop arrangements for reporting on all performance measures quarterly. The report will be published on the employer website and consolidated into one table for all employers within the Fund. This proactive approach will facilitate early engagement with employers and provide a regular mechanism for service members and recognition of best practice. As part of the partnership arrangement between the Fund and employers, we will work closely together to identify areas where performance should be improved. The Fund will provide the necessary training to improve the service level for the future. In the event of no improvement in performance and/or remedial action by an employing authority the Fund will seek to recover any administrative costs. Additional costs incurred by the Fund include: a) Fines imposed by the Pensions Ombudsman/courts. b) Extra charges in respect of actuarial fees. c) Additional printing and distribution costs. 11. Key Changes Proposed as Part of Consultation The Fund will establish five key changes in circumstance which will have customer implications and the decisions which need to be taken when determining the proposed service standard for each change. The proposed changes are: Notification of new joiners Notification of leavers (deferred members) Notification of forthcoming retirement Notification of death in Service Changes to member data It is believed that this approach will both improve the service to Scheme members by focusing on the quality of employer data held by the Fund. In practical terms, it will assist employers with the identification of data issues as they implement the agenda for auto-enrolment. 4
5 Appendix 1 Local Government Pension Scheme (Administration) Regulations 2008 Regulation excepts related to Pension Administration Strategy documents Pension administration strategy 65. (1) An administering authority may prepare a written statement of the authority s policies in relation to such of the matters mentioned in paragraph (2) as it considers appropriate ( its pension administration strategy ) and, where it does so, paragraphs (3) to (7) apply. (2) The matters are (a) procedures for liaison and communication with employing authorities in relation to which it is the administering authority ( its employing authorities ); (b) the establishment of levels of performance which the administering authority and its employing authorities are expected to achieve in carrying out their Scheme functions by (i) the setting of performance targets, (ii) the making of agreements about levels of performance and associated matters, or (iii) such other means as the administering authority considers appropriate; (c) procedures which aim to secure that the administering authority and its employing authorities comply with statutory requirements in respect of those functions and with any agreement about levels of performance; (d) procedures for improving the communication by the administering authority and its employing authorities to each other of information relating to those functions; (e) the circumstances in which the administering authority may consider giving written notice to any of its employing authorities under regulation 43(2) on account of that authority s unsatisfactory performance in carrying out its Scheme functions when measured against levels of performance established under sub-paragraph (b); (f) the publication by the administering authority of annual reports dealing with (i) the extent to which that authority and its employing authorities have achieved the levels of performance established under sub-paragraph (b), and (ii) such other matters arising from its pension administration strategy as it considers appropriate; and (g) such other matters as appear to the administering authority, after consulting its employing authorities and such other persons as it considers appropriate, to be suitable for inclusion in that strategy. (3) An administering authority must (a) keep its pension administration strategy under review; and (b) make such revisions as are appropriate following a material change in its policies in relation to any of the matters contained in the strategy. (4) In preparing or reviewing and making revisions to its pension administration strategy, an administering authority must consult its employing authorities and such other persons as it considers appropriate. (5) An administering authority must publish (a) its pension administration strategy; and (b) where revisions are made to it, the strategy as revised. (6) When an administering authority publishes its pension administration strategy, or that strategy as revised, it must send a copy of it to each of its employing authorities and to the Secretary of State. (7) An administering authority and its employing authorities must have regard to the current version of any pension administration strategy when carrying out their Scheme functions. 5
6 (8) In this regulation references to the functions of an administering authority include, where applicable, its functions as an employing authority. Additional costs arising from employing authority s level of performance 43. (1) This regulation applies where, in the opinion of the appropriate administering authority, it has incurred additional costs which should be recovered from an employing authority because of that employing authority s level of performance in carrying out its functions under these Regulations or the Benefits Regulations. (2) The administering authority may give written notice to the employing authority stating (a) the administering authority s reasons for forming the opinion mentioned in paragraph (1); (b) the authority s opinion that the employing authority s contribution under regulation 42(1)(d) should include an amount specified in the notice in respect of the additional costs attributable to that authority s level of performance; (c) the basis on which the specified amount is calculated; and (d) where the administering authority has prepared a pension administration strategy under regulation 65, the provisions of the strategy which are relevant to the decision to give the notice and to the matters in sub-paragraph (a), (b) or (c). Interest 44. (1) An administering authority may require an administering or employing authority from which payment of any amount due under regulations 39 to 42 (employers contributions or payments) or regulation 86 (changes of fund) is overdue to pay interest on that amount. (2) The date on which any amount due under regulations 39 to 41 is overdue is the date one month from the date specified by the administering authority for payment. (3) The date on which any amount due under regulation 42 (other than any extra charge payable under regulation 40 or 41 and referred to in regulation 42(1)(c)) is overdue is the day after the date when that payment is due. (4) Interest due under paragraph (1) or payable to a person under regulation 45(5) (deduction and recovery of member s contributions), 46(2) (rights to return of contributions) or 51 (interest on late payment of certain benefits) must be calculated at one per cent above base rate on a day to day basis from the due date to the date of payment and compounded with three-monthly rests. (5) Interest on any amount due in respect of regulation 86 shall be calculated in accordance with guidance issued by the Government Actuary. N Perrins August
7 Appendix 2 Administration Standards New Starters To ensure that pensions information is included as part of any induction process. To provide each new employee with a pension information letter, either with the letter of appointment or within one month of starting work. To ensure that all employees subject to contractual admission are brought into the scheme from the date of appointment. To assist the Fund in ensuring that all new starters complete form A1. To complete form N1 or electronic templates and send to the Fund within four weeks of the employees first pay date. Where there is more than one contract of employment with the same employer, each membership shall be maintained separately and the Fund notified. To send the Fund a completed opt out form signed by any eligible employee subject to automatic entry, who do not wish to join, or elect to leave the Scheme and to arrange a payroll refund of contributions to the employee with appropriate adjustments to tax and national insurance. To store a copy of the opt-out form with the employers records for that employee. To provide employers on request appropriate tools for induction purposes literature and newsletters. To update pension information booklets on line in accordance to regulatory changes. To accurately record and update member records on pension administration systems. To review the A1 as a result of auto enrolment and bulk joiner data. To produce a membership certificate and forward to the member s home address, within ten working days of joining the Scheme. To accurately record and update member records on pension administration systems within ten working days of receipt of documents. To accurately record and update member records on pension administration systems within four weeks of receipt of document. Change in Circumstances (Active Members) 7 To ensure that the Fund is informed of any changes in the To provide forms for recording any key change in circumstances of employees on approved forms or by circumstances and/or to provide a template for the secure agreed electronic templates within four weeks of the change. submission of data electronically. Status: Change of name To accurately record and update member records on Marital status pension administration systems within ten working days of National insurance number notification or any shorter period as requested by the National insurance category employer with regard to specific requirements. Conditions Contractual hours of service: Pensionable pay Contribution rate Department and payroll number Date joined Scheme (if adjusted) Absence: Maternity & paternity leave Paid & unpaid leave of absence (including details of contributions paid) Industrial action (strikes) Any other material period of absence
8 End of Year Data To provide a year end contribution return, and to ensure all errors and additional information are resolved within four weeks in a valuation year, eight weeks in the other two years. Valuation To provide the Fund with up to date and correct information on members working hours, breaks in service and pensionable pay in accordance with agreed timescales. To ensure that all errors highlighted from the annual contribution posting exercise are responded to and corrective action taken promptly Annual Benefits Statements To provide an initial point of contact (Pension Officer or helpline number) for handling queries this will be printed on the annual benefits statements sent to members. Annual Benefits (AVCs) To collect from employee payroll, contributions and to arrange the prompt payment directly to the appropriate provider according to the published schedule and to be no later than the 19th of the month following deduction. Annual Benefits (ARCs) To collect from employee payroll, contributions and to arrange the prompt payment to the Fund, according to the published schedule and to be no later than the 19th of the month following the deduction. To process employer year end contribution returns within two months of receipt. To provide consolidated and grouped error reports for action by employers. To provide data to the Fund Actuary and Government Actuary s Department to enable employer contribution rates to be accurately determined and new cost sharing arrangements applied. To provide a copy of the valuation report and contributions certificate to each employer and answer any questions arising. To produce annual benefit statements for all active members at financial year-end and post to members home addresses. To provide information and offer alternative Schemenegotiated providers that offer a portfolio of additional voluntary contribution (AVC) options. To review provision to ensure services offered are reasonable. To provide information and quotations to a Scheme member on the option of making additional regular contributions (ARCs) 8
9 Members Electing to Opt Out of the Scheme More than Three Months To send the Fund a completed S4 opt out form signed by To accurately record and update member records on any eligible employees subject to automatic entry, who do pension administration systems within four weeks of receipt not wish to join, or elect to leave the Scheme after three of document. months of appointment. Advise member of deferred benefits. Retirement (Information) To provide members retiring with form RB1 & RB1(d) at least two months before retirement. Pre-retirement events Members Leaving Employment/Retiring To notify the Fund of an employee s date and reason for cessation of membership and all other relevant information on approved forms within four weeks of the event. If benefits are to be brought into payment on the member leaving their employment (ie retirement, including flexible retirement) the employer is to notify the Fund, ideally in advance of the leaving date but no later than four weeks following the actual date of leaving to enable payments to be made promptly. To inform the Fund within four weeks of any changes affecting former employees, especially re-employment and retrospective pay awards. To accurately record and update member records on pension administration systems. To inform members who leave the Scheme, who are not entitled to immediate payment of benefits, the options available and deferred benefit entitlement. To notify member of their retirement options within ten working days. To pay the retirement lump sum within five working days of receipt of the completed option form. To accurately record and update member records on pension administration systems within two months of the event. To keep a record of all tier 3 ill-health retirements, To notify the employer of their legislative responsibility to particularly in regard the 18 month review of their gainful review tier 3 ill-health cases at 18 months. employment and any subsequent appointment with an occupational medical officer for a further medical certificate. To recover any overpayments of pension benefits following subsequent re-employment and notify the Fund. Death in Service To inform the Fund immediately on the death of an employee. To assist employers and the next of kin in ensuring the pension options are made available and that the payment of benefits are expedited in an appropriate and caring manner. 9
10 Investments Division PO Box 5327 Wolverhampton WV1 9LS United Kingdom
Appendix 'A' Lancashire County Pension Fund. Lancashire County Council as administering authority of Lancashire County Pension Fund.
Appendix 'A' Lancashire County Pension Fund Pension Administration Strategy Statement 2014 Lancashire County Council as administering authority of Lancashire County Pension Fund Page 15 Contents Page Acknowledgement
More informationStaffordshire Pension Fund Administration Strategy
Staffordshire Pension Fund Administration Strategy Issue Date 1 December 2016 Review Date 1 December 2017 Version 1.0 1 2 Staffordshire County Council Pension Administration Strategy Introduction This
More informationRhondda Cynon Taf Pension Fund. Pension Fund Administration Strategy
Pension Fund Administration Strategy Updated March 2017 Contents 1.Introduction 3 2.Regulatory Framework 4 3.Liaison & Communication 5 4.Standards of Service 7 Employing Authority Responsibilities Administering
More informationFLINTSHIRE COUNTY COUNCIL. Administering Authority for. Clwyd Pension Fund ADMINISTRATION STRATEGY
Cronfa Bensiynau Clwyd Clwyd Pension Fund FLINTSHIRE COUNTY COUNCIL Administering Authority for Clwyd Pension Fund ADMINISTRATION STRATEGY March 2017 ADMINISTRATION STRATEGY Introduction and Background
More informationDRAFT PENSIONS ADMINISTRATION STRATEGY
DRAFT PENSIONS ADMINISTRATION STRATEGY 1. Introduction Shropshire County Pension Fund ( the Fund ) is responsible for the administration of the Local Government Pension Scheme ( the Scheme ) within the
More informationAdministration Strategy
Administration Strategy 1 Introduction This document is the Pension Administration Strategy of the Cheshire Pension Fund. It outlines the policies and performance standards required to deliver a cost-effective,
More informationTyne and Wear Pension Fund. Pensions Administration Strategy. 1. The Tyne and Wear Pension Fund is part of the Local Government Pension Scheme (LGPS).
Tyne and Wear Pension Fund Pensions Administration Strategy Introduction 1. The Tyne and Wear Pension Fund is part of the Local Government Pension Scheme (LGPS). 2. The LGPS regulations, listed in Appendix
More informationPENSION ADMINISTRATION STRATEGY 2017/18
LONDON BOROUGH OF HACKNEY PENSION FUND PENSION ADMINISTRATION STRATEGY 2017/18 For the Local Government Pension Scheme (LGPS) CONTENTS Introduction 3 Administration in the London Borough of Hackney 6 Performance
More informationPension Administration Strategy 2015
Pension Administration Strategy 2015 Pension Administration Strategy 1: The Regulations 2: Review of the Pension Administration Strategy (PAS) 3: Scheme employer duties & responsibilities 4: Pensions Office
More informationTHE ROLE OF THE SCHEME EMPLOYER
THE ROLE OF THE SCHEME EMPLOYER RESPONSIBLE AUTHORITY DCLG ADMINISTERING AUTHORITY RBWM SCHEME ADVISORY BOARD NATIONAL THE PENSIONS REGULATOR SCHEME MANAGER PENSION FUND PANEL PENSION BOARD PENSION FUND
More informationPension Administration Strategy 2012 Page 1 of 12. Highland Council Pension Administration Strategy
Pension Administration Strategy 2012 Page 1 of 12 Highland Council Pension Administration Strategy July 2012 Pension Administration Strategy 2012 Page 2 of 12 Pension Administration Strategy 1 Introduction
More informationA Guide to the Local Government Pension Scheme for Employees in England and Wales
West Midlands Pension Fund A Guide to the Local Government Pension Scheme for Employees in England and Wales Employees in England and Wales: April 2016 Version 1.9 Contents About This Book About the Local
More informationPENSION ADMINISTRATION SERVICE LEVEL AGREEMENT -1- Service Level Agreement Pension Administration (2015)
PENSION ADMINISTRATION SERVICE LEVEL AGREEMENT -1- -2- CONTENTS 1.0 DEFINITIONS...5 2.0 THE REGULATIONS AFFECT ON AGREEMENT...5 3.0 ADMINISTRATIVE PROCEDURES - GENERAL...5 3.1 Access to Information...
More informationPensions Administration Strategy
Pensions Administration Strategy April 2018 Yvonne Caddock This document has been presented, considered and approved by Pensions Committee on 13 November 2017, following consultation with all employers
More informationApril UK Pension Plan A GUIDE TO YOUR PENSION BENEFITS
April 2017 UK Pension Plan A GUIDE TO YOUR PENSION BENEFITS Contents Welcome to the Eaton UK Pension Plan 3 Special terms 4 1 2 3 4 5 6 7 8 9 10 AVCs Benefits in brief 5 Membership 6 Contributions 7 Your
More informationAppendix 1. West Midlands Pension Fund. Communications Policy Statement 2016
West Midlands Pension Fund Communications Policy Statement 2016 November 2016 Background The West Midlands Pension Fund is one of the largest pension funds in the United Kingdom with over 290,000 accounts,
More informationCommunications Policy Statement
Communications Policy Statement June 2014 Published by: Cheshire Pension Fund Cheshire West and Chester Council HQ, 58 Nicholas Street Chester CH1 2NP Accessing Cheshire Pension Fund information and services
More informationProspective LGPS Employer
Prospective LGPS Employer Local Government Pension Scheme A Guide for Prospective Scheme Employers Issue 3 : December 2017 Copyright Norfolk Pension Fund 2017 http://portal.norfolkpensionfund.org Contents
More informationNLG(15)333. DATE OF MEETING 28 July Trust Board of Directors Public REPORT FOR
NLG(15)333 DATE OF MEETING 28 July 2015 REPORT FOR Trust Board of Directors Public REPORT FROM Kathryn Helley, Deputy Director of Performance Assurance/ Assistant Trust Secretary CONTACT OFFICER As above
More informationAcademies and the Local Government Pension Scheme
Issue Date April 2017 Version 1.1 Academies and the Local Government Pension Scheme This leaflet provides guidance relating to the role and responsibilities of a Scheme employer in the Local Government
More informationWest Midlands Pension Fund. Customer Engagement Strategy 2018
West Midlands Pension Fund Customer Engagement Strategy 2018 June 2018 Customer Engagement Strategy 2018 Background The West Midlands Pension Fund ( The Fund ) is one of the UK s largest pension funds
More informationResearch Councils Pension Scheme Administration Standards
Purpose of this document This document details the administration standards that JSS and employers adhere to. The document is owned and approved by the RCPS Management Board who; act as managers of the
More informationEast Sussex Pension Fund Governance compliance and the Pensions Regulator s code of practice
East Sussex Pension Fund Governance compliance and the Pensions Regulator s code of practice The role of the local pension board is to Secure compliance with the scheme regulations and other legislation
More informationLocal Government Pension Scheme
LGPS New Employer Local Government Pension Scheme A Guide for Prospective Scheme Employers Issue 2 : March 2016 http://portal.norfolkpensionfund.org Contents This booklet has been developed for employers
More informationA guide to the Local Government Pension Scheme (LGPS) England and Wales June 2018 v5
A guide to the Local Government Pension Scheme (LGPS) England and Wales June 2018 v5 Contents Section 1 - About this Booklet Page 5 Section 2 - About the Local Government Pension Scheme (LGPS) Page 6 Who
More informationA Guide to the Local Government Pension Scheme for Employees in England and Wales
A Guide to the Local Government Pension Scheme for Employees in England and Wales Employees in England and Wales April 2017 V3.0 1 Index 1. About this Booklet pg 5 2. About the Local Government Pension
More informationA Guide to the Local Government Pension Scheme for Employees in England and Wales
A Guide to the Local Government Pension Scheme for Employees in England and Wales Employees in England and Wales April 2017 V1 Produced by Orbis Pension Services April 2017 1 INDEX 1 About this booklet
More informationA Guide to the Local Government Pension Scheme for Employees in England and Wales
A Guide to the Local Government Pension Scheme for Employees in England and Wales Employees in England and Wales April 2014 V1.3 1 Index 1. About this Booklet 2. About the Local Government Pension Scheme
More informationThe Local Government Pension Scheme
The Local Government Pension Scheme HR SHARED SERVICES PENSIONS TEAM EMPLOYEE GUIDE 2015 THE LOCAL GOVERNMENT PENSION SCHEME (LGPS) employee guide 1 A BRIEF GUIDE TO THE LOCAL GOVERNMENT PENSION SCHEME
More informationCommunications Policy Statement
Communications Policy Statement July 2008 An effective communications strategy is vital for any organisation which strives to provide a high quality and consistent service to its customers. There are six
More informationWest Midlands Pension Fund. Communications Strategy Statement April 2015
Appendix 4 West Midlands Pension Fund Communications Strategy Statement 2015 April 2015 1 Background The West Midlands Pension Fund is one of the largest pension funds in the United Kingdom with over 275,000
More informationA guide to the Local Government Pension Scheme (LGPS) for employees in England and Wales
Kent Pension Fund A guide to the Local Government Pension Scheme (LGPS) for employees in England and Wales www.kentpensionfund.co.uk Index 1. About this Booklet 2. About the Local Government Pension Scheme
More informationA Guide to the Local Government Pension Scheme for Employees in Scotland (from 1 April 2015)
A Guide to the Local Government Pension Scheme for Employees in Scotland (from 1 April 2015) Employees in Scotland issued April 2018 V1.6 Index 1. About this Booklet pg 5 2. About the Local Government
More informationEmployers quick start guide to the NHS Pension Scheme
Employers quick start guide to the NHS Pension Scheme Employers Quick Start Guide to the NHS Pension Scheme (V0.2) 03.2017 This guide is aimed at employers who have recently been accepted as Employing
More informationA Guide to the Local Government Pension Scheme (LGPS) in Scotland
A Guide to the Local Government Pension Scheme (LGPS) in Scotland 24 June 2017 1 Index 1. About this Booklet pg 5 2. About the Local Government Pension Scheme (LGPS) pg 6 How the LGPS changed on 1 April
More informationA Guide to the Local Government Pension Scheme for Employees in Scotland (from 1 April 2015)
A Guide to the Local Government Pension Scheme for Employees in Scotland (from 1 April 2015) Employees in Scotland issued March 2015 V1.0 1 Index 1. About this Booklet pg 5 2. About the Local Government
More informationA Guide to the Local Government Pension Scheme for Employees in England and Wales
A Guide to the Local Government Pension Scheme for Employees in England and Wales Employees in England and Wales July 2016 1 Index 1. About this Booklet pg 5 2. About the Local Government Pension Scheme
More informationPensions Administration. Annual General Meeting Jonathan Clewes Pensions Manager
Pensions Administration Annual General Meeting Jonathan Clewes Pensions Manager 04.10.2018 Context New Pensions System - November 2014 2014 LGPS changes Average Salary scheme 1/49 accrual rate Change to
More informationSeptember Employees in England and Wales
September 2016 A brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales You can look forward to your retirement with the LGPS with: A secure pension worked out every scheme
More informationA Guide to the Local Government Pension Scheme for Employees in Scotland (from 1 April 2015)
A Guide to the Local Government Pension Scheme for Employees in Scotland (from 1 April 2015) Employees in Scotland issued April 2016 V1.4 Page 1 Index 1. About this Booklet pg 5 2. About the Local Government
More informationLocal Government Pension Scheme
LGPS Contributions Local Government Pension Scheme A Guide for Scheme Employers Issue 4 : March 2016 http://portal.norfolkpensionfund.org Page 2 of 15 Contents Introduction This guide aims to answer any
More informationLeaving the scheme. A guide to your options Final Salary section
Leaving the scheme A guide to your options Final Salary section About this booklet This booklet explains the options open to you if you have been a member of the Final Salary section of USS who has left
More informationWEST MIDLANDS FIRE AND RESCUE AUTHORITY PENSION BOARD 21 JULY Pension Section Supporting Information
WEST MIDLANDS FIRE AND RESCUE AUTHORITY PENSION BOARD 21 JULY 2015 Pension Section Supporting Information 1. West Midlands Fire Service Firefighters' Pension Schemes Membership as at 31 st May 2015 1.1
More informationHR Guide. Version June 2015 April 2016
HR Guide Version 0.89 30 June 2015 April 2016 1 Content 1.0 Introduction 2.0 Who can join? 3.0 How does auto enrolment affect the scheme? 3.1 Types of Enrolment 3.2 Auto Enrolment Guidance 3.3 Staging
More informationThe Co-operative Pension Scheme (Pace)
The Co-operative Pension Scheme (Pace) Rules effective from 7 October 2012 Linklaters LLP One Silk Street London EC2Y 8HQ Telephone (+44) 20 7456 2000 Facsimile (+44) 20 7456 2222 Ref Tim Cox/ Gareth Craft
More informationNHS Pensions - Public Health Transfers from the NHS to Local Authorities
NHS Pensions - Public Health Transfers from the NHS to Local Authorities Pension Provision Administering the NHS Pension Scheme Frequently Asked Questions Background The Health and Social Care Act 2012,
More informationPensions and Retirement Policy
Pensions and Retirement Policy Contents 1.0 Statement of Purpose/Objective 2.0 Scope 3.0 Roles and Responsibilities 3.1 The Responsibilities of Managers 3.2 The Responsibilities of Employees 4.0 Pension
More informationTHE LOCAL GOVERNMENT PENSION SCHEME. Full Guide for New Members
THE LOCAL GOVERNMENT PENSION SCHEME Full Guide for New Members THE LOCAL GOVERNMENT PENSION SCHEME (LGPS) SCOTLAND [Scottish version, April 2018] 1 Contents Welcome to the Scheme 3 What is the Local Government
More informationLocal Government Pension Scheme (LGPS)
A Brief Guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales April 2017 www.norfolkpensionfund.org If you need this information in large print, audio, Braille, alternative
More informationCommunications Policy Statement
Communications Policy Statement London Borough of Barking & Dagenham Pension Fund 20 March 2012 Contents CONTENTS 2 INTRODUCTION 3 REGULATORY FRAMEWORK 4 RESPONSIBILITIES AND RESOURCES 5 COMMUNICATION
More informationMRC Pension Scheme. A guide for new members from 1 April 2018
MRC Pension Scheme A guide for new members from 1 April 2018 Welcome Welcome to the MRC Pension Scheme MRC has an excellent pension scheme that provides generous benefits linked to your career averaged
More informationTHE FIREFIGHTERS' PENSION SCHEME 2006 (ENGLAND)
A GUIDE TO THE FIREFIGHTERS' PENSION SCHEME 2006 (ENGLAND) FOR RETAINED FIREFIGHTERS WHO ARE "SPECIAL" MEMBERS OF THE MODIFIED SCHEME December 2016 A Guide to the Firefighters' Pension Scheme 2006 (England)
More informationHuman Resources Hewlett Packard Enterprise Investment Scheme - Member Booklet (June 2016)
Introduction This booklet is for current active members of the Hewlett Packard Enterprise Investment Scheme (the Scheme), previously called Hewlett-Packard Investment Scheme. The Scheme is a defined contribution
More informationi) are required to formulate, publish and keep under review a Statement of Policy on certain discretions in accordance with:
Discretions Policies for Scheme Employers in England and Wales from 1 April 2014 (version 1.7) Deleted: 6 Introduction 1. The Local Government Pension Scheme (LGPS) in England and Wales was amended from
More informationA Guide to the Local Government Pension Scheme for Employees in Scotland
A Guide to the Local Government Pension Scheme for Employees in Scotland www.falkirkpensionfund.org Employees in Scotland April 2013 Page 1 / 76 Index About this Booklet About the Local Government Pension
More informationYour Guide. to the Plumbing Industry Pension Scheme
Your Guide to the Plumbing Industry Pension Scheme Plumbing and Mechanical Services (UK) Industry Pension Scheme 2 Contents 3 Introduction 4 Meaning of Words Used 6 Joining the Scheme 7 Cost of Membership
More informationSecure benefits the scheme provides you with a future income, independent of share prices and stock market fluctuations.
A brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales Highlights of the LGPS The LGPS gives you: Secure benefits the scheme provides you with a future income, independent
More informationNHS Pensions - Employer s Charter
NHS Pensions - Employer s Charter Your roles and responsibilities in locally administering the NHS Pension Scheme Working in partnership to administer the NHS Pension Scheme This guide has been jointly
More informationThe housing sector scheme of choice. Social Housing Pension Scheme A Guide for Members. Defined Benefit for CARE and Final Salary
The housing sector scheme of choice Social Housing Pension Scheme A Guide for Members Defined Benefit for CARE and Final Salary A Guide for Members Defined Benefit for CARE and Final Salary The Social
More informationABERDEEN CITY COUNCIL PENSION FUND Brief Guide to the Local Government Pension Scheme
ABERDEEN CITY COUNCIL PENSION FUND Brief Guide to the Local Government Pension Scheme THE LOCAL GOVERNMENT PENSION SCHEME (LGPS) SCOTLAND [Scottish version, April 2009] INFORMATION AND DISCLAIMER The information
More informationUPS Pension Investment Plan. A guide to the Plan
UPS Pension Investment Plan A guide to the Plan 2 UPS Pension Investment Plan Contents Introduction 3 PIP at a glance 4 Technical terms 4 Joining PIP 6 How PIP works 7 Benefits at retirement 8 Death benefits
More informationLeaving the scheme. A guide to your options Career Revalued Benefits section
Leaving the scheme A guide to your options Career Revalued Benefits section About this booklet This booklet explains the options open to you if you have been a member of the Career Revalued Benefits section
More informationIsle of Wight Pension Fund Administration Strategy Statement. November 2018 FOR PUBLICATION CORPORATE POLICY
Isle of Wight Pension Fund Administration Strategy Statement November 1. Document Information Title: Status: Isle of Wight Pension Fund Administration Strategy Statement FINAL Current Version: V1.6 Author:
More informationTHE FIREFIGHTERS' PENSION SCHEME 2006 (ENGLAND)
A GUIDE TO THE FIREFIGHTERS' PENSION SCHEME 2006 (ENGLAND) FOR RETAINED FIREFIGHTERS ("STANDARD" MEMBERS) May 2018 A Guide to the Firefighters' Pension Scheme 2006 (England) for retained firefighters (standard
More informationTHE LOCAL GOVERNMENT PENSION SCHEME. Guide to Leaving the Scheme Before Retirement
THE LOCAL GOVERNMENT PENSION SCHEME Guide to Leaving the Scheme Before Retirement THE LOCAL GOVERNMENT PENSION SCHEME (LGPS) SCOTLAND [Scottish version, June 2018] 1 Contents Click on the headings below
More informationRETIREMENT GUIDANCE- APPENDIX A
RETIREMENT GUIDANCE- APPENDIX A RETIREMENT GUIDANCE 2016 CONTENTS Section Contents Page 1 Purpose 3 2 Preparing for Retirement 4 3 Further Guidance 4 4 Retirement & Flexible Retirement Options 5 5 Wind
More informationA brief guide to your pension scheme. the local government pension scheme
A brief guide to your pension scheme the local government pension scheme Do you have questions about your pension? What are the benefits of contributing to the pension scheme? What benefits do I get now
More informationLGPS and the Pension Regulator
LGPS and the Pension Regulator (Do not pass Go, do not go to Jail ) Mark Alexander Employer Forum December 2017 Data Quality Regulatory Framework of Compliance Reporting Breaches to the Pension Regulator
More informationA Guide to the Local Government Pension Scheme for Councillors in Scotland
A Guide to the Local Government Pension Scheme for Councillors in Scotland April 2017 Index 1. About this Booklet pg 4 2. About the Local Government Pension Scheme (LGPS) pg 5 Who runs the LGPS? LGPS rules
More informationLocal Government Pension Scheme (LGPS) East Sussex Pension Fund Employers Newsletter December 2013 Local Government Pension Scheme (LGPS) 2014
Local Government Pension Scheme (LGPS) East Sussex Pension Fund Employers Newsletter December 2013 Local Government Pension Scheme (LGPS) 2014 As an employer in the East Sussex Pension Fund you may be
More informationMember Guide to the Local Government Pension Scheme (Northern Ireland) 2015
Member Guide to the Local Government Pension Scheme (Northern Ireland) 2015 This Member Guide will give you an overview of the Local Government Pension Scheme (Northern Ireland) from 1 April 2015. It covers
More informationLeaving your job before retirement
SHROPSHIRE COUNTY PENSION FUND Leaving your job before retirement August 2018 v6 Contents What happens to my benefits once they are deferred? Page 3 How are deferred benefits worked out? Page 4 What if
More informationADMISSION GUIDE FOR NEW EMPLOYERS: COMMUNITY ADMISSION BODY. London Pensions Fund Authority (LPFA) Local Government Pension Scheme
ADMISSION GUIDE FOR NEW EMPLOYERS: COMMUNITY ADMISSION BODY London Pensions Fund Authority (LPFA) Local Government Pension Scheme 1 Contents Introduction Background to the Local Government Pension Scheme
More information2018 No. PUBLIC SERVICE PENSIONS. The Local Government Pension Scheme (Scotland) Regulations 2018
DRAFT 1 NOVEMBER 2017 S C O T T I S H S T A T U T O R Y I N S T R U M E N T S 2018 No. PUBLIC SERVICE PENSIONS The Local Government Pension Scheme (Scotland) Regulations 2018 Made - - - - 2018 Laid before
More informationSecure benefits the scheme provides you with a future income, independent of share prices and stock market fluctuations.
A brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales April 2014 Highlights of the LGPS The LGPS gives you: Secure benefits the scheme provides you with a future income,
More informationA GUIDE FOR EMPLOYERS LETTING CONTRACTS WITH STAFF UNDER TUPE AND OBTAINING ADMITTED BODY STATUS IN THE LOCAL GOVERNMENT PENSION SCHEME (LGPS)
A GUIDE FOR EMPLOYERS LETTING CONTRACTS WITH STAFF UNDER TUPE AND OBTAINING ADMITTED BODY STATUS IN THE LOCAL GOVERNMENT PENSION SCHEME (LGPS) This leaflet provides guidance in relation to the granting
More informationA brief guide to the Local Government Pension Scheme (LGPS)
A brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales - April 2015 Dorset County Pension Fund A brief guide to the Local Government Pension Scheme 1 Highlights of the
More informationLocal Government Pension Scheme A Guide for Payroll Departments. Version 8
Local Government Pension Scheme 2015 A Guide for Payroll Departments Version 8 Revised 1 April 2018 2 Contents Page Introduction... 3 1. New Additional Data Requirements... 2. Records... 3. Main Section
More informationAdmission Agreement To participate in the Local Government Pension Scheme [relating to services provided to [school/other employer]]
Dated 2018 (1) WOLVERHAMPTON CITY COUNCIL (2) [SCHEME EMPLOYER] (3) [ADMISSION BODY] Admission Agreement To participate in the Local Government Pension Scheme [relating to services provided to [school/other
More informationA Guide to the Local Government Pension Scheme for Eligible Councillors in England and Wales [English and Welsh version 1.
A Guide to the Local Government Pension Scheme for Eligible Councillors in England and Wales [English and Welsh version 1.8 June 2018] 1 The Index Page Introduction 5 The Choice Your Pensions Choice 6
More informationLocal Government Pension Scheme (LGPS) New Joiner Option Form
Local Government Pension Scheme (LGPS) New Joiner Option Form Westminster Pension Fund 2018 V1 This form is for you if you are eligible to become a member of the Local Government Pension Scheme (LGPS).
More informationAll about your Scheme
West Midlands Pension Fund All about your Scheme A Guide to the Local Government Pension Scheme for Eligible Councillors in England and Wales July 2009 Introduction The information in this booklet is
More informationA brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales
A brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales Highlights of the LGPS The LGPS gives you: Secure benefits the scheme provides you with a future income, independent
More informationA Guide to the LGPS The Local Government Pension Scheme (LGPS)
AVON PENSION FUND A Guide to the LGPS The Local Government Pension Scheme (LGPS) Contents The scheme joining and what do I pay?... 1 Flexibility to pay more or less...4 Your Pension how it s worked out...5
More informationPENSION SCHEME MEMBER HANDBOOK - CAREER AVERAGE BENEFITS 2011
PENSION SCHEME MEMBER HANDBOOK - CAREER AVERAGE BENEFITS 2011 Contents Membership Your Pension What if...? Finding Out Background Explanation of Terms Pages 2-3 4-7 8-13 13-16 16-19 20-21 About this handbook
More informationLocal Government Pension Scheme in Scotland Statutory Guidance Assessment of Member Contribution Rate. Important - Please Note
Version 1 - Issued 26 th June 2008 Local Government Pension Scheme in Scotland Statutory Guidance Assessment of Member Contribution Rate Important - Please Note When allocating a contribution rate to members,
More informationA Guide to the Local Government Pension Scheme for Councillors in Scotland (from 1 April 2015) Councillors in Scotland issued April 2018 V1.
A Guide to the Local Government Pension Scheme for Councillors in Scotland (from 1 April 2015) Councillors in Scotland issued April 2018 V1.3 Index 1. About this Booklet pg 4 2. About the Local Government
More informationA brief guide to the Local Government Pension Scheme (LGPS) for Councillors in Scotland
A brief guide to the Local Government Pension Scheme (LGPS) for Councillors in Scotland Highlights of the LGPS The LGPS gives you: Secure benefits the scheme provides you with a future income, independent
More informationi) under the LGPS Regulations 2013 from 1 April 2014 in respect of members of the Career Average Revalued Earnings (CARE) scheme,
Great Ness and Little Ness Parish Council discretionary policies under the Local Government Pension Scheme Regulations and other related Regulations Summary 1. This report makes recommendations for Great
More informationJoining the Local Government Pension Scheme (LGPS) 2014 Starter Information
Joining the Local Government Pension Scheme (LGPS) 2014 Starter Information Please read this leaflet, including the information about how to complete the forms Please complete and return the LGPS / New
More informationInvensys Pension Scheme Members Booklet
Invensys Pension Scheme Members Booklet For all employees who joined the Invensys Pension Scheme between 6 April 2000 and 31 October 2004. Please keep this booklet in a safe place for future reference.
More informationThe LGPS is a public service, registered, defined-benefit, contracted-out pension scheme.
9.0 OVERVIEW OF THE LOCAL GOVERNMENT PENSION SCHEME (LGPS) The LGPS is a public service, registered, defined-benefit, contracted-out pension scheme. 9.1 General definitions Public service To be a member
More informationMEMBER HANDBOOK - OLD BENEFITS
PENSION SCHEME PENSION SCHEME MEMBER HANDBOOK - OLD BENEFITS Contents Membership Your Pension What if...? Finding Out Background Explanation of Terms Pages 2-3 4-8 8-15 15-17 18-21 22-23 About this handbook
More informationDiscretionary policies for Scheme employers from 1 April 2014 as at 14 May 2018
LGPS England & Wales Discretionary policies for employers from 1 April 2014 as at 14 May 2018 Index Introduction Prepare, publish and keep under review a written statement of policy under the LGPS Regulations
More informationESS Launch reminder. Welcome. Local Government Pension Scheme. Inside this issue. We would like to wish our employers a very Happy New Year 2018!
Inscribe Inside this issue ESS Launch reminder 1 Employer Contact 3 Information sheet Salary Sacrifice Shared 4 Cost AVCs 2018 Year End Guidance 5 General Data Protection 6 Regulation (GDPR) Employer Meeting
More informationPayroll Guide. Version April 2016
Payroll Guide Version 0.19 April 2016 1 Contents 1 Introduction... 5 1.1 Document Purpose... 5 1.2 Employer Eligibility... 5 1.3 Timeline for Provision Data... 6 1.4 Changes at a Glance... 7 1.5 Where
More informationPOLICY NOTE THE LOCAL GOVERNMENT PENSION SCHEME (MISCELLANEOUS AMENDMENTS) (SCOTLAND) REGULATIONS 2012 SSI 2012/347
POLICY NOTE THE LOCAL GOVERNMENT PENSION SCHEME (MISCELLANEOUS AMENDMENTS) (SCOTLAND) REGULATIONS 2012 SSI 2012/347 1. These Regulations amend the Local Government Pension Scheme (Benefits, Membership
More informationThe Independent Schools Pension Scheme A Guide for Members. CARE and Final Salary Benefit Structures
Established in 1996 in consultation with the Independent School ISPSBursars Association The Independent Schools Pension Scheme A Guide for Members CARE and Final Salary Benefit Structures A Guide for Members
More informationMMC UK Pension Fund. Guide. for Members. Mercer
MMC UK Pension Fund A Guide for Members Mercer Contents Page Section 1 How the Fund works 1 Section2 The Fund in brief 3 Section 3 Money Purchase section 4 Investment 4 Retirement benefits 5 Early and
More informationAdditional guidance to cover how APCs work and how the amount of extra or lost pension purchased drops into a member s active pension account
Additional Pension Contributions (APC) V1.78 Additional guidance to cover how APCs work and how the amount of extra or lost pension purchased drops into a member s active pension account Introduction 1.
More information